ACGL vs HIG: Correlation
Arch Capital Group (ACGL) and Hartford (The) (HIG) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACGL and HIG?
Across a 3-year window, the weekly returns of ACGL and HIG correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 275.3 %².
Few assets follow ACGL as closely as HIG, which ranks #3 of 36 tracked partners. Twelve-month performance is nearly a tie, at +7.7% for ACGL and +5.4% for HIG. The rolling one-year correlation moved between 0.44 and 0.81 over the past three years, a moderate range.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACGL vs HIG: side by side
| ACGL (Arch Capital Group) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +7.7% | +5.4% |
| 5-year return | +151.8% | +127.4% |
| Volatility (ann.) | 21.5% | 19.5% |
| Beta vs S&P 500 | 0.28 | 0.39 |
| Max drawdown (3Y) | -22.4% | -13.7% |
| Market cap | $33.7B | $37.3B |
| P/E (trailing) | 7.9 | 9.7 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ACGL | HIG |
|---|---|---|
| 2022 | +41.2% | +12.3% |
| 2023 | +18.3% | +8.5% |
| 2024 | +30.8% | +38.5% |
| 2025 | +3.9% | +28.1% |
| 2026 | +3.0% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and HIG good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACGL and HIG?
The ACGL/HIG correlation stands at 0.66 on a 3-year window (1 year: 0.73, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is HIG a good diversifier for ACGL?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acgl-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acgl-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACGL correlations · HIG correlations
